NYCHA could still face federal takeover,
Ben Carson says

The authority has to submit a new plan by Jan. 31

TRD New York /
Dec.December 19, 2018 11:35 AM

Queensbridge Houses at 10-06 41st Avenue in Queens and Ben Carson (Credit: Wikipedia and Getty Images)

A federal takeover of the New York City Housing Authority is still on the table.

Ben Carson, head of the Department of Housing and Urban Development, commented on the possibility of putting NYCHA into federal receivership during a tour at the Queensbridge Houses, the New York Daily News reported. Mayor Bill de Blasio has said it’s not an option he favors.

“There’s a host of things that are going to be required that I think are reasonable, and that can be accomplished,” Carson told the newspaper. “If it can be accomplished without a receivership, great. If it requires some type of receivership, it requires some type of receivership.”

Carson sent NYCHA a letter requiring that a plan to fix the authority — including milestones and metrics — be submitted by Jan. 31. His visit came after a federal judge rejected an agreement among the city, NYCHA, HUD and the Manhattan U.S. attorney to bring in a federal monitor.

Earlier this month, NYCHA said it plans to sell air rights and open some land to private development in order to raise money for repairs. The authority aims to raise $3 billion — as part of de Blasio’s $24 billion plan to help NYCHA upgrade its 170,000 apartments. [NYDN] — Meenal Vamburkar


Related Articles

arrow_forward_ios
Brokerage firms are strategizing ways to make up losses after the cost of application fees was capped at $20. (Credit: iStock)

Brokerages on rental application fee cap: “It hurts”

Alex Rodriguez (Photos by Guerin Blask)

A-Rod is coming for NYC and SoFla real estate

There will be 70 agents based at the new office (Credit: iStock)

Compass opens Long Island City office as new-development sales surge

The Daily Digest - Tuesday

New life for Toys “R” Us, Masa Son is “embarrassed” with the Vision Fund: Daily digest

Nooklyn CEO Harley Courts (Credit: iStock)

Brokerage slashes agent commissions, delays payments after rent law change

The Daily Digest - Tuesday

NYC apartment prices hit 4-year low, Pacific Park developers reveal new plans: Daily digest

LeBron wanted it and California’s governor signed it. What the college athlete compensation law means to real estate

Racial inequality in homeownership across US is sharpest in New York: report

arrow_forward_ios